Bittrex

Bittrex is a US-based cryptocurrency exchange headquartered in Seattle, Washington.[2] The company was founded in 2013 by Bill Shihara and two business partners, all of whom previously worked as security professionals at Microsoft.[3] The exchange is the thirteenth largest cryptocurrency exchange by daily trading volume,[4] is renowned for the vast number of cryptocurrencies it has listed, and has a good reputation for its security.[1] Bittrex is not a regulated exchange under US securities laws.[5]

Corporate customers based in the U.S. states of Washington, California, New York and Montana may trade using U.S. dollars held in Signature Bank of New York.[6]

History

In December 2017, along with Binance and Bitfinex, Bittrex temporarily stopped new user registrations due to high demand.[7] All 3 exchanges have since then reopened for registrations.

On Friday, December 1, 2017, the Bittrex exchange requested ChronoBank provide them with a completed listing application and legal opinion from a U.S. law firm to remain listed. It appears that Bittrex is doubling back on their early listed tokens in an attempt to obtain proper documentation for the listing of tokens. However, the notice requires submission of the requested documents by December 8, 2017.[8]

On March 6, 2018, Bittrex listed TrueUSD, a stablecoin claimed to be backed by USD.[9]

On March 20, 2018, Bittrex announced their decision to de-list 82 cryptocurrencies which were found to be in violation of their listing requirements.[10]

On April 10, 2018 the company opened registrations for new users. Commenting on the matter, Bittrex CEO Bill Shihara said: "After diligently working to improve our infrastructure and upgrade our website, we're pleased to announce registration for new users resumed today."[11] Bittrex were forced to temporarily stop new user registrations after just a couple of hours due to the high demand.[12]

External links

BTC-e was a cryptocurrency trading platform until the U.S. government seized their website. It was founded in July 2011 and as of February 2015 handled around 3% of all Bitcoin exchange volume. Until the 25th of July 2017, it allowed trading between the U. S. dollar, Russian ruble and euro currencies, and the bitcoin, litecoin, namecoin, novacoin, peercoin, dash and ethereum cryptocurrencies.

It was a component of the CoinDesk Bitcoin Price Index since the index started in September 2013.BTC-e was operated by ALWAYS EFFICIENT LLP which is registered in London and is listed as having 2 officers: Sandra Gina Esparon and Evaline Sophie Joubert and two people with significant control: Alexander Buyanov and Andrii Shvets.The US Justice Dept attempted to close down BTC-e on the 26th of July 2017 when they charged Alexander Vinnik and BTC-e in a 21-count indictment for operating an alleged international money laundering scheme and allegedly laundering funds from the hack of Mt. Gox. The exchange plans to relaunch in September 2018.

BTCC was a Hong Kong based bitcoin exchange that was once the world's second largest by volume in October 2014. Founded in June 2011 as BTCChina, it was China's first bitcoin exchange, and most of its customers are thought to be from the domestic market. In 2018, it was thought to now have almost 150 employees.. It closed down in September of 2018.

Base58 is a group of binary-to-text encoding schemes used to represent large integers as alphanumeric text, introduced by Satoshi Nakamoto for use with Bitcoin. It has since been applied to other cryptocurrencies and applications. It is similar to Base64 but has been modified to avoid both non-alphanumeric characters and letters which might look ambiguous when printed. It is therefore designed for human users who manually enter the data, copying from some visual source, but also allows easy copy and paste because a double-click will usually select the whole string.

Compared to Base64, the following similar-looking letters are omitted: 0 (zero), O (capital o), I (capital i) and l (lower case L) as well as the non-alphanumeric characters + (plus) and / (slash). In contrast to Base64, the digits of the encoding do not line up well with byte boundaries of the original data. For this reason, the method is well-suited to encode large integers, but not designed to encode longer portions of binary data. The actual order of letters in the alphabet depends on the application, which is the reason why the term “Base58” alone is not enough to fully describe the format. A variant, Base56, excludes 1 (one) and o (lowercase o) compared to Base 58.

Base58Check is a Base58 encoding format that unambiguously encodes the type of data in the first few characters and includes an error detection code in the last few characters.

BitInstant was a bitcoin exchange start-up based in New York City. Founded in 2011 by Gareth Nelson and Charlie Shrem, BitInstant provided a means to pay traditional funds rapidly to bitcoin exchanges. As of January 2014, BitInstant's website is no longer available, displaying only a blank page. Its blog was unavailable as of October 31, 2014.

A Bitcoin ATM is a kiosk that allows a person to purchase Bitcoin by using cash or debit card. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account to transact on the machine.

There are two main types of Bitcoin machines: cash kiosks and ATMs. Both types are connected to the Internet, allowing for cash or debit card payment, respectively, in exchange for bitcoins given as a paper receipt or by moving money to a public key on the blockchain. Bitcoin cash kiosks look like traditional ATMs, but do not connect to a bank account and instead connect the user directly to a Bitcoin exchange. Bitcoin-enabled ATMs are traditional ATMs and connect to a bank account to allow for a cashless purchase of bitcoin. According to an advisory issued by the Consumer Financial Protection Bureau, "they may also charge high transaction fees – media reports describe transaction fees as high as 7% and exchange rates $50 over rates you could get elsewhere".

Bitcoin Gold is a distributed digital currency. It is a hard fork of Bitcoin, the open source cryptocurrency. The stated purpose of the hard fork is to restore the mining functionality with common Graphics Processing Units (GPU), in place of mining with specialized ASIC (customized chipsets), used to mine Bitcoin.ASIC resistant GPU powered mining provides a solution, as this kind of hardware is ubiquitous, and anyone can start mining with a standard, off-the-shelf laptop computer.

Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between USD currency and bitcoin cryptocurrency. It allows USD, EUR, bitcoin, litecoin, ethereum, ripple or bitcoin cash deposits and withdrawals.

The company was founded as a European-focused alternative to then-dominant bitcoin exchange Mt. Gox. While the company trades in US dollars, it accepts fiat money deposits for free only via the European Union's Single Euro Payments Area, a mechanism for transferring money between European bank accounts. Deposits via credit cards or wires incur a fee.Bitstamp offers an API to allow clients to use custom software to access and control their accounts.

Colored coins are a class of methods for associating real world assets with addresses on the bitcoin network. Examples could be a deed for a house, stocks, bonds or futures. The technology could also be used to track and register intellectual property assets.Through 2014/15 it was suggested that various coloured coin protocols could be of interest to banks and major financial institutions. This prediction came true in June 2015 when NASDAQ announced they were developing a system in partnership with blockchain startup Chain using the Open Assets protocol developed and utilised by CoinPrism and built on by Get Hashing. In late 2015 NASDAQ announced that the first ever trade had occurred using its new platform, Linq.There are several competing implementations of the coloured coins idea, using differing methods, including those developed by CoinSpark, Colu and several built on the EPBOC protocol.

Cryptopia was a New Zealand cryptocurrency exchange based in Christchurch, which was the target of a $16 million USD theft in January 2019. The exchange closed about May 15, 2019 and began liquidation.

ShapeShift is a company that offers global trading of a variety of digital assets via web and mobile platforms. It is headquartered in Switzerland, but run out of Denver.The company first began requiring personal identication information from its customers on October 1, 2018.If the exchange fails and the user does not make a refund claim within 90 days, the company will keep all assets.

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